WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2009 FINANCIAL TIMES VODAFONE TO REJIG MOBILE INTERNET STRATEGYVodafone will set out a significant revamp of its services strategy for mobile phones tomorrow as it tries to bridge the gap with global rivals. Vittorio Colao, chief executive, will outline new services that are intended to capitalise on the rising popularity of surfing the internet on mobiles.Some [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2009 FINANCIAL TIMES VODAFONE TO REJIG MOBILE INTERNET STRATEGYVodafone will set out a significant revamp of its services strategy for mobile phones tomorrow as it tries to bridge the gap with global rivals. Vittorio Colao, chief executive, will outline new services that are intended to capitalise on the rising popularity of surfing the internet on mobiles.Some [...]
Deripaska’s paper trouble June 11, 2009 Russian tycoon Oleg Deripaska yesterday invited two government ministers to join the board of a troubled Russian paper mill he controls after he was reprimanded by the Prime Minister for his management of another plant. Deripaska also owned the loss-making Birmingham-based vanmaker LDV, which went into administration earlier this month after failing to find a [...]
RHJ plans offer of 300m for a stake in Opel July 14, 2009 RHJ INTERNATIONAL, a rival bidder to frontrunner Magna for German carmaker Opel, is planning to offer around €300m (£256.9m) for a stake of just over 50 per cent in the group, it emerged yesterday. RHJ’s bid comes in below the €660m that Beijing Automotive (BAIC) intends to invest for a 51 per cent stake in [...]
City’s Goldfinger vaults for sale June 28, 2009 The former City headquarters of Midland bank, whose vaults featured in the 1964 James Bond film Goldfinger, has been put up for sale by administrators. This comes just two-and-a-half years after it was bought by former Russian deputy finance minister Vladimir Chernukhin, who acquired the listed plot, next to the Bank of England, for £72m. [...]
Government helps drive up Chinese vehicle sales July 9, 2009 CAR sales in China jumped emphatically by 48.5 per cent for the month of June, bucking the worldwide trend, the Chinese Association of Automobile Manufacturers announced yesterday. China recently overtook the US to become the world’s largest car market, and the nation’s thriving industry stands in stark contrast to car markets in the West which [...]
Chinese BAIC joins bid for GM Europe July 7, 2009 CHINA’S Beijing Automotive Industry Corporation (BAIC) yesterday offered to invest €660m (£570m) in GM Europe in return for a 51 per cent stake. The state-owned Chinese group’s offer is likely to involve plans to expand operations inside China, the world’s largest car market. The deal would need €2.64bn of state-guaranteed loans. BAIC would also look [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 30, 2009 FINANCIAL TIMES VW BRACED FOR “ZERO GROWTH” IN CAR MARKETVolkswagen warned yesterday that it could face flat sales in 2010 as Europe’s largest carmaker reported a sharp profit drop in the second quarter. The third-biggest carmaker behind General Motors and Toyota said it expected “zero growth” in the car market next year. PRIVATE EQUITY SUFFERED [...]
Serena and Venus set up fourth final July 2, 2009 DEFENDING champion Venus Williams will face her sister Serena in tomorrow’s Wimbledon singles’ final after the siblings clinched their places in vastly different fashion. Venus, vying for her third successive title and her fifth in total at SW19, obliterated top seed Dinara Safina 6-1, 6-0. Earlier, Serena had to save a match point against another [...]
Usmanov offers Arsenal backing June 28, 2009 RUSSIAN oligarch Alisher Usmanov has written to the board of Arsenal Football Club, offering to backstop a £100m rights issue. Usmanov, Arsenal’s second largest shareholder with 25 per cent, has said he wants to help the club clear its debt and raise a summer transfer kitty. The club’s board will discuss the letter at a [...]